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What will be the outcome of the SEC's fraud case against Green United by December 31, 2024?
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Resolution / Starting Odds
Green United found guilty • 25%
Green United found not guilty • 25%
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Case dismissed • 25%
Publicly available court records or SEC announcements
Story
SEC Declares Crypto Mining Devices and Bitcoin Orange Logo as Securities
Sep 25, 2024, 05:28 PM
The U.S. Securities and Exchange Commission (SEC) has declared that crypto mining devices are considered securities. This decision was confirmed by a judge who stated that the SEC has sufficiently alleged that Green Box miners, a type of computer hardware, coupled with a hosting agreement, constitute securities. The ruling comes as part of a broader effort by the SEC to regulate the crypto industry more tightly. Recently, the SEC charged Green United with fraudulently selling Green Boxes mining devices, resulting in $18 million in losses. Additionally, the SEC has also classified the Bitcoin Orange Logo as a security.
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